59A Elizabeth Street, Acacia Ridge QLD 4110

This property presents a distinctive opportunity for investors seeking a high-yield, low-maintenance asset in a prime location. Situated just 100 metres from a shopping centre in Acacia Ridge, Queensland, the site is designed as purpose-built rooming accommodation tailored for modern independent living.

The building comprises five self-contained one-bedroom apartments, each with their own private entry, ensuite bathroom, and kitchenette. This configuration differs from traditional shared housing by ensuring residents complete privacy, which is appealing for tenants valuing independence and security.

Investors will appreciate the property's strong rental performance, with an gross rental income around $2,200 per week and a projected yield exceeding 7.5%. The contemporary construction and professional design aim to facilitate long-term investment stability, benefiting from high tenant demand in a well-connected suburb.

• Each apartment is fully furnished with contemporary quality pieces, featuring queen-sized beds, built-in wardrobes, modern kitchenettes, spacious ensuites, air conditioning, ceiling fans, security screens, and digital keyless entry.
• Private courtyards or outdoor entertaining areas accompany the residences, enhancing their appeal for tenants seeking comfort and convenience.
• Residents also have access to communal facilities including a shared kitchen, lounge, and laundry equipped with brand-new appliances, which are professionally maintained.
• Included utilities such as water, internet with ultra-fast NBN speeds, and electricity are incorporated within tenancy agreements, reducing tenant overhead and increasing attractiveness.

This rooming accommodation operates under a sanctioned Rooming Accommodation Agreement (Form R18) for single occupancy, creating a well-managed and peaceful living environment appreciated by working professionals, mature students, healthcare workers, FIFO staff, and others seeking quality independent housing.

Positioned close to major transport routes, shopping, schools, medical services, and employment hubs, the location supports sustained tenant demand and strong occupancy rates. This availability of amenities combines convenience and lifestyle benefits for residents.

Overall, this asset is especially suited for investors targeting steady income from a purpose-built property designed to meet contemporary rental needs, with potential for ongoing capital growth given the quality construction and strategic location within Acacia Ridge.